Yuan weakness may spike some companies' carry trades, adding further concern over emerging market corporate balance sheets amid rising offshore debt.» Read More
NEW YORK, Jan 9- Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.
Jan 6- A section of LightSquared Inc lenders are opposing the company's decision to seek a new financing arrangement as part of its plan to exit bankruptcy, the latest attack in a highly litigious case involving competing business interests.
Co-founder Henrik Fisker, board members and executives kept quiet that the U.S. Department of Energy cut access to a $529 million green-technology loan in June 2011, according to the lawsuit, filed on Friday by Atlas Capital Management LP. Much of Fisker's funds came after it won an Energy Department loan in September 2009.
Dec 26- LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale to highest bidder Dish Network Corp..
Dec 20- CarMax Inc said it could start lending to borrowers with weak credit records as it seeks to cut its reliance on third-party subprime car loan providers that are tightening their lending norms. CarMax already has a financing arm that lends to customers with healthy credit records.
Dec 20- CarMax Inc, the largest used-car retailer in the United States, reported a lower-than-expected quarterly profit and said car loan providers tightened credit terms late in the quarter. CarMax shares fell more than 9 percent in early trading.
Global junk bond issuance hit an all-time high in 2013, led by a surge in Europe, as corporates sought to take advantage of cheap borrowing costs.
Dec 18- Activist investor Clinton Group said it was exploring financing options for a possible takeover of women's apparel retailer Wet Seal Inc, sending the company's shares up as much as 7 percent.
Dec 18- Activist hedge fund Clinton Group said it was exploring financing options for a possible takeover of women's apparel retailer Wet Seal Inc.. Clinton Group had a 7.78 percent stake in Wet Seal as of Dec. 17, the company said in a regulatory filing on Wednesday. Wet Seal's shares rose as much as 6 percent to $2.77 on the Nasdaq in early trading.
WASHINGTON, Dec 16- The U.S. consumer watchdog and several state attorneys general on Monday sued a California- based servicer of online loans, accusing the company of wrongly collecting on loans that were made in violation of state laws.
*Albania could announce IMF loan deal as soon as Tues. TIRANA, Dec 16- Albania announced on Monday that it would raise taxes from January, scrapping a flat 10 percent corporate and income tax rate, and plans to end tax exemptions for foreign oil workers, as its new government wrestles rising debt.
WASHINGTON, Dec 16- The U.S. Consumer Financial Protection Bureau on Monday said it was suing a California- based loan servicer for collecting money consumers did not owe. CashCall Inc, a subsidiary and an affiliate collected money from borrowers who were given high-cost loans that broke consumer protection laws in at least eight states, the bureau said.
*Alibaba still hoping to list in Hong Kong. HONG KONG, Dec 11- Alibaba Group Holding Ltd said on Wednesday it is seeking to extend the draw-down period of an $8 billion loan from January next year, a move people familiar with the e-commerce company's plans said would buy it more time to launch an IPO.
*Heineken's new shares were collateral on loan extended to UB Group- source. MUMBAI, Dec 11- The Netherlands' Heineken NV has become the largest shareholder of India's United Breweries Ltd after its stake inched past that of liquor baron Vijay Mallya.
The average loan on a new car climbed to $26,719 in the third quarter, up by $756 from a year earlier, and the most in at least five years, according to data collected by Experian Plc. The average interest rate fell to 4.27 percent from 4.53 percent a year earlier and the average loan term stretched one more month to five years and five months, according to Experian.
LONDON, Nov 28- The Bank of England said it may step in to kickstart the securitisation market, which was discredited by the U.S. subprime crisis but is now seen as a valuable option for financing business growth.
DETROIT, Nov 22- Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars that was backed with a loan by the U.S. government, filed for Chapter 11 bankruptcy protection on Friday after lengthy efforts by investors to salvage the company.
*Cinda to offer shares in HK $3.00 to HK $3.58 range. HONG KONG, Nov 21- China Cinda Asset Management Corp, one of the country's four bad loan managers, plans to raise as much as $2.5 billion in its Hong Kong initial public offering, IFR reported on Thursday, citing sources familiar with the deal.
Nov 15- Candle maker Blyth Inc rejected an unsolicited acquisition proposal from direct seller CVSL Inc, saying the offer was not supported by committed financing and may leave it saddled with debt. CVSL last month proposed to acquire Blyth for $16.75 per share, or about $270 million.
*$4- 5 bln of shipping loans to be placed in bad bank- sources. LONDON, Nov 15- Royal Bank of Scotland is reviewing its shipping loan business and is expected to place billions of dollars from the portfolio in the part-nationalised group's new internal "bad bank", sources familiar with the matter said.